Buy Ontology Gas (ONG)
What is Ontology Gas?
Ontology Gas (ONG) is the native token of the Ontology blockchain, which is used to pay for transaction fees, storage, and the deployment and execution of smart contracts on the network.
How does Ontology Gas work?
Ontology Gas operates within the Ontology blockchain's dual-token model, consisting of ONT for governance and staking, while ONG is used for covering transaction fees and acting as a utility token for various operational aspects of the network. It is central to the blockchain's mechanism for incentivizing participation and securing network transactions.
What are the potential use cases for Ontology Gas?
Ontology Gas has several use cases, including:
- Transaction Fees: Paying for transactions conducted on the Ontology network.
- Smart Contract Deployment: Facilitating the deployment and execution of smart contracts.
- Decentralized Identity: Supporting decentralized identity management through ONT ID.
- Data Solutions: Being used within decentralized data exchange frameworks.
- DeFi Applications: Integrated into cross-chain transactions and interoperability solutions.
- Enterprise Solutions: Used in partnerships to develop blockchain-based enterprise applications.
What is the history of Ontology Gas?
Ontology Gas (ONG) was created as part of the Ontology blockchain platform, founded in 2017 by Jun Li. Ontology initially performed a distribution strategy involving airdrops, avoiding an ICO. The Ontology mainnet was launched in June 2018, which featured a token swap to native mainnet coins. The dual-token system, including ONG, was implemented to serve distinct functions in governance and utility, establishing Ontology as a significant platform focusing on identity, data solutions, and cross-chain interoperability.
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Frequently Asked Questions (FAQs)
What is the current price of Ontology Gas (ONG)?
The Ontology Gas price is $0.50238259 AUD, representing a -2.68% from the day prior.
Where is the best place to buy Ontology Gas (ONG) in Australia?
The best place to buy Ontology Gas (ONG) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Ontology Gas (ONG) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Ontology Gas (ONG)?
The trading volume of Ontology Gas (ONG) is $8.0M AUD in the last 24hrs, representing a -2.68% from the day prior.
How can I buy Ontology Gas (ONG)?
Ontology Gas (ONG) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Ontology Gas (ONG)?
The current market cap of Ontology Gas (ONG) is $195.4M AUD.
Can I convert Ontology Gas (ONG) to cash?
Yes - With Coinstash you can convert your Ontology Gas (ONG) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Ontology Gas (ONG) are there?
The current circulating supply of Ontology Gas (ONG) is 399.3M.
Is Coinstash a safe place to buy Ontology Gas (ONG) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Ontology Gas (ONG) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.